reason that firms followed by more analysts have relatively less optimistic bias is that their managers are relatively more … differential 'profits management.' The paper discusses implications of the results for studies of analysts forecast bias, earnings …Managerial behavior differs considerably when managers report quarterly profits versus losses. When they report profits …

if managers efficiently process information in prior forecast errors and truthfully convey their earnings expectations …. Further analyses suggest that managers' unintentional information processing bias contributes to this positive serial …We examine whether management earnings forecast errors exhibit serial correlation and how analysts understand the …

management earnings forecasts bias and inaccuracy. The evidence suggests that forecast bias and inaccuracy are not systematically … quality and institutional holdings are systematic determinants of forecast bias and inaccuracy. Finally, industry attributes … guidance by managers. However, a number of firms like Coca Cola and Gillette moved to abandon quantitative earnings forecasts …

This study investigates whether investor sentiment is associated with behavioral bias in managers' annual earnings … earnings forecast optimism increases with investor sentiment. Furthermore, I find that managers' annual earnings forecasts are … forecast bias is likely to be unintentional. In addition, I find that the relation between management earnings forecast bias …

with the magnitude of the bias in analysts' earnings forecasts. We posit that there is higher demand for non …

We address whether analysts bias earnings forecast revisions and convey the bias using forecast revision consistency, i … forecast revision consistency to convey information about bias in their earnings forecast revisions ….e., the extent to which analyst reports with earnings forecast revisions include stock recommendation and target price …

to the IAB Establishment Panel. Quite surprisingly, the study reveals the average forecast to be significantly … overpessimistic. I propose that the non-existence of a general bias towards overoptimism is due to the lack of incentives to …

forecast errors and accruals, which we label “managers' accrual-related forecast bias.” We build on extensive research which … bias in their forecasts. We also find a substantial decline in managers' accrual-related forecast bias following the … importantly, we find that the effect of forecasting difficulty on managers' accrual-related forecast bias occurs only in the pre …